An item is marked at Rs. 750 and sold at a discount of 12%. What is the selling price? MCQ with Answer and Explanation

An item is marked at Rs. 750 and sold at a discount of 12%. What is the selling price?
A. Rs. 640
B. Rs. 680
C. Rs. 660
D. Rs. 700
Answer: Option C
Solution (By JKSSB Mock Tests)
SP = 750 * 0.88 = 660.

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Practice More Profit And Loss Questions

Question #1
A shopkeeper gives 1 article free on the purchase of every 4 articles. He also allows an additional discount of 20%. Find his total net discount percentage.
A. 36%
B. 45%
C. 40%
D. 44%

Correct Answer: Option A


Explanation:
Customer gets 5 articles but pays for 4. Discount from free item = (1/5) * 100 = 20%. Two successive discounts of 20% and 20%. Equivalent discount = 20 + 20 - (400/100) = 36%.

This question belongs to: Maths Profit And Loss
Question #2
A shopkeeper sells a transistor at 15% above its cost price. If he had bought it at 5% more than what he paid for it and sold it for Rs. 6 more, he would have gained 10%. Find the cost price of the transistor.
A. Rs. 800
B. Rs. 1000
C. Rs. 600
D. Rs. 1200

Correct Answer: Option D


Explanation:
Let initial Cost Price = 100x. Initial Selling Price = 115x. New Cost Price = 105x. New Selling Price = 105x * 1.10 = 115.5x. Difference in Selling Price = 115.5x - 115x = 0.5x. 0.5x = 6. x = 12. Cost Price = 100 * 12 = 1200.

This question belongs to: Maths Profit And Loss
Question #3
If the selling price of an article is Rs. 260 and the profit is 30%, what is the cost price?
A. Rs. 200
B. Rs. 220
C. Rs. 190
D. Rs. 210

Correct Answer: Option A


Explanation:
CP = 260/1.3 = 200.

This question belongs to: Maths Profit And Loss